LiteCoin Ends it Three-Day Consolidation – NEWSBTC 09/26/2017


It’s Tuesday, September 26th, I’m Kiana Danial, CEO of Invest Diva with NewsBTC and here is your crypotocurrency update. Litcoin ended its 3-day consolidation on Monday and surged against major currencies and cryptocurrencies. Versus the USD, Litecoin appears to have found temporary support at 46 as it formed a bullish engulfing candlestick pattern on the daily time-frame, peeking through the Ichimoku cloud. The next pivot level to cross above is the 78% Fibonacci retracement level falling above the Ichimoku cloud. A confirmation above this level could change our outlook to bullish with targets set at 62.33 and 72.44 in extension. LTC/BTC has continued its consolidation inside the Ichimoku cloud. Despite Bitcoin’s gains versus other currencies on Monday, Litecoin appears to have won the battle as LTC/BTC slightly gained momentum. The new bullish momentum across the cryptocurrencies suggests traders have shaken off China fears or the fact that JPMorgan CEO Jamie Dimon said on Sept. 12 that the cryptocurrency is a “fraud” that will eventually blow up. Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.

Post Author: CoinCryptoNews